NSWIn ForceAct
Criminal Assets Recovery Act 1990
14Supreme Court may order sale
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#### 14 Supreme Court may order sale
14 Supreme Court may order sale
> > (1) If an application is made for a confiscation order and a restraining order is in force, the Supreme Court may, when the application is made or at a later time, make an order directing the NSW Trustee and Guardian to sell an interest in property that is subject to the restraining order if—
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> > > (a) the property is subject to waste or substantial loss of value, or
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> > > (b) in the opinion of the NSW Trustee and Guardian, the cost of controlling the interest would exceed the value of the interest if the restraining order were made.
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> > (2) Notice of an application for an order under this section must be given to the owner of the interest in property to which the application relates.
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> > (3) The proceeds of the sale under subsection (1) of an interest in property are subject to the restraining order to which the interest was subject.
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> **s 14:** Am 2009 No 49, Sch 2.17 \[1\]; 2009 No 92, Sch 1 \[4\]; 2012 No 66, Sch 5.2 \[4\]–\[6\].